Growth in the Finnish mortgage market is anticipated to slow down over the next five years, with gross advances expected to hit E55.8 billion by 2011. Indeed, residential mortgage gross advances are forecast to grow at a CAGR of just 12.3% over the next five years, compared to the CAGR of 39.4% witnessed from 2002 to 2006. This will be a result of lenders tightening their credit criteria, rising rates and a continued increase in house prices.
19 Dec 2007